Balboa Island Market Update – November, 2011

by Sharon Paxson on December 9, 2011 · 2 comments

Balboa Island in Newport Beach is a man made set of three islands in Newport Beach and they include the main island, the little island and Collins Island. Collins Island in Newport Beach is a gated community and has only 8 homes located on it. The homes on Collins Island have incredible views of Newport Harbor. Balboa Island is a highly sought after area of Newport Beach.

There are two ways to arrive on Balboa Island in Newport Beach, one is on the Balboa Island Ferry which makes a very short passage from the Balboa Peninsula in Newport Beach. It is about a 3 or 4 minute trip, but well worth it. The ferry transports three autos, bicycles, and pedestrians. The beauty if living on Balboa Island is enjoying the bay life style and a quick trip over to the Balboa Peninsula takes you to the sandy beaches and waves.

Balboa Island in Newport Beach

There is a boardwalk around Balboa Island, and you will see people beginning their day by walking, jogging, or walking their dog around both the main island and the little island of Balboa Island in Newport Beach.

Balboa Island in Newport Beach

Currently, there are 22 active listings, 2 are in back up, (one of the properties in back up is a short sale), 3 are pending and three was one sale in the month of November, 2011. The sales have dropped from prior months of approximately four sales per month.

Balboa Island market update

 

Listings are down -2 from October, 2011
Back up  sales are the same from October, 2011
Pending sales are the same from October, 2011
Solds are down -3 from October, 2011

Because there was only one sale last month, the absorption rate increased from approximately five months which is a stable market to a buyers market with 11 months of inventory. In my opinion, this may be cyclical because of the holiday season. When compared to last November, 2010 – sales are down -1, as there were two sales in November, of 2010.

Balboa Island in Newport Beach

Search the MLS for Newport Beach homes for sale on Balboa Island, and Balboa Island homes for sale in Newport Beach.


Showing properties 1 - 21 of 21. See more Balboa Island Homes for Sale .
(all data current as of 5/17/2012)

  1. 6 beds, 4 full, 1 part baths
    Home size: 4,400 sq ft
    Lot size: 3,740 sqft
    Year built: 2003
    Parking spots: 8
    Days on market: 3
  2. 3 beds, 2 full baths
    Home size: 756 sq ft
    Lot size: 1,170 sqft
    Year built: 1948
    Parking spots: 4
    Days on market: 7
  3. 2 beds, 1 full bath
    Home size: 716 sq ft
    Lot size: 1,140 sqft
    Year built: 1924
    Days on market: 9
  4. 3 beds, 2 full baths
    Lot size: 2,632 sqft
    Year built: 1912
    Parking spots: 4
    Days on market: 17
  5. 5 beds, 3 full, 2 part baths
    Home size: 2,467 sq ft
    Lot size: 2,550 sqft
    Year built: 1996
    Parking spots: 6
    Days on market: 29
  6. 2 beds, 1 full bath
    Home size: 1,022 sq ft
    Lot size: 2,550 sqft
    Year built: 1930
    Parking spots: 2
    Days on market: 31
  7. 5 beds, 3 full, 2 part baths
    Home size: 2,090 sq ft
    Lot size: 2,622 sqft
    Year built: 1972
    Parking spots: 6
    Days on market: 38
  8. 2 beds, 2 part baths
    Home size: 1,030 sq ft
    Lot size: 990 sqft
    Year built: 1926
    Days on market: 47
  9. 3 beds, 1 full, 2 part baths
    Home size: 1,257 sq ft
    Lot size: 1,680 sqft
    Year built: 1973
    Parking spots: 3
    Days on market: 53
  10. 2 beds, 2 full, 1 part baths
    Home size: 2,185 sq ft
    Lot size: 2,500 sqft
    Year built: 1986
    Parking spots: 3
    Days on market: 61
  11. 3 beds, 2 full baths
    Home size: 1,389 sq ft
    Lot size: 2,550 sqft
    Year built: 1928
    Parking spots: 2
    Days on market: 65
  12. 3 beds, 3 full, 1 part baths
    Home size: 2,750 sq ft
    Lot size: 2,550 sqft
    Year built: 2005
    Parking spots: 4
    Days on market: 67
  13. 4 beds, 3 part baths
    Home size: 3,006 sq ft
    Lot size: 3,350 sqft
    Year built: 1946
    Parking spots: 4
    Days on market: 75
  14. 7 beds, 7 full baths
    Home size: 4,432 sq ft
    Lot size: 4,253 sqft
    Year built: 1965
    Parking spots: 6
    Days on market: 98
  15. 4 beds, 1 full, 2 part baths
    Home size: 2,220 sq ft
    Lot size: 2,550 sqft
    Year built: 1928
    Parking spots: 4
    Days on market: 100
  16. 4 beds, 2 full, 2 part baths
    Home size: 2,000 sq ft
    Lot size: 2,550 sqft
    Year built: 1986
    Parking spots: 5
    Days on market: 169
  17. 6 beds, 4 part baths
    Home size: 2,528 sq ft
    Lot size: 2,550 sqft
    Year built: 1963
    Parking spots: 2
    Days on market: 205
  18. 4 beds, 4 full baths
    Home size: 2,710 sq ft
    Lot size: 2,550 sqft
    Year built: 1965
    Parking spots: 4
    Days on market: 214
  19. 4 beds, 2 full, 1 part baths
    Home size: 1,778 sq ft
    Lot size: 2,550 sqft
    Year built: 1935
    Parking spots: 2
    Days on market: 225
  20. 3 beds, 3 part baths
    Home size: 1,594 sq ft
    Lot size: 2,550 sqft
    Year built: 1942
    Parking spots: 4
    Days on market: 295
  21. 4 beds, 1 full, 1 part baths
    Home size: 1,645 sq ft
    Lot size: 2,250 sqft
    Year built: 1937
    Parking spots: 4
    Days on market: 429

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Sharon Paxson

I write about my passion of living the SoCal lifestyle in beautiful Newport Beach. I like to write about the local events, beaches, restaurants, and real estate updates in the area. Call or text me - 949.280.0681

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{ 2 comments… read them below or add one }

Leslie Ebersole December 10, 2011 at 5:03 PM

Balbo Island is amazingly beautiful — and pretty darn pricey. I love that darling blue house on Grand Canal.
Leslie Ebersole recently posted..Comment on St. Charles IL Market Update | Single Family Homes | December 1, 2011 by Sharon Paxson

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Sharon Paxson December 10, 2011 at 5:44 PM

Hi Leslie – they are pricey – and Grand Canal is awesome as well.
Sharon Paxson recently posted..Balboa Island Market Update – November, 2011

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